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S 424119th CongressIntroduced
Retirement Fairness for Charities and Educational Institutions Act of 2025
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Retirement Fairness for Charities and Educational Institutions Act of 2025 amends securities laws to enhance 403(b) retirement plans for nonprofit employees.
Key Points
- 1Amends Investment Company Act, Securities Act, and Securities Exchange Act definitions
- 2Requires employer fiduciary responsibility for investment selection in 403(b) plans
- 3Mandates employer or fiduciary review and approval of investment alternatives
- 4Applies enhanced oversight to 403(b) plans subject to ERISA or governmental plans
- 5Includes conforming amendments to securities law definitions
Impact Areas
Nonprofit organizations and educational institutions403(b) retirement plan participants and administratorsSecurities regulation and complianceNonprofit employee retirement benefits
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